Business Daily from THE HINDU group of publications
Tuesday, Feb 26, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Feb 26, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices up 50 paise Mumbai, Feb. 25 Bond prices rose by around 50 paise reacting to the calling-off of the bank strike and a slight easing in call rates. Total traded volumes on the order matching system were at Rs 4,000 crore. Dealers said the prices opened weak, anticipating tightness in liquidity on account of the bank strike. Prices later recovered as news came in about the strike being called off. The outlook for the market, however, remains negative. "Credit growth has increased and with the advance tax outflows expected by March 15, the liquidity situation is not expected to ease," said a dealer at a private bank. The 7.99 per cent -9 year -2017 paper opened at Rs 101.95 (7.69 per cent YTM) and closed at Rs 102.45 (7.62 per cent YTM), against the previous close at Rs 101.95 (7.69 per cent YTM). The 8.33 per cent-28 year-2036 paper opened at Rs 103.65 (8 per cent YTM) and closed at Rs 104.30 (7.94 per cent YTM), against the previous close at Rs 103.75 (7.98 per cent YTM). - Our Bureau
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